Manifesto 2.0, YO!

1. If a large corporation were to go out of business, causing severe problems of unemployment and greatly disrupting the market, should the federal government subsidize them?

     Honestly, I think that we shouldn't, because if your company is losing the fight and going downhill in the market economy, then the federal government shouldn't have to pay your company just to survive. If it dies, then it dies. And if it dies, other companies will grow larger than your company, and therefore the employees who lose their jobs in your company will not be at much of a loss --- for there are other job opportunities if those larger companies that increase over time.

2. After looking at the 2011 budget (revenues & expenditures), my manifesto leads me to support/criticize it because...

     I do support this, however... I think we shouldn't tax companies and cooperations because then the employees of those companies would have a smaller income. I also think we should give more money into the Medicare and Medicaid so they would have more money to spend for solutions and cures.

3. In keeping with my manifesto and after watching the movie I.O.U.S.A. explain the debt crisis faced by our nation, I propose the following solution...

    The debt in America is obviously off the charts. Personally, I believe that we should decrease spending and increase taxes. Really, in order to get out of this pit we're currently in, we going to have to be in some hard times in order to leave this all behind, and fix it. Many might disagree, and think that increasing taxes amongst the people is too harsh and ridiculous, but it's just what might fix the deep pit that we're in.

YEAR 2024 blog

For this, I'm going to assume we resume with option "A".

    Have we continued on our same terrible path of debt in our future of 2024? I believe that we do. I believe our economy is going to continue with this national financial debt, and as each year goes by, the debt gets worse and worse. We will be in the path of terrible destruction to our American economy, and more and more people will struggle throughout this expanding national debt. People will strive to get a good job and provide a safe, stable home for their families. However, even jobs will be harder to find if this prediction becomes true.
     Slowly but surely, more people will lose their jobs as the amount of debt increases. Politicians might say our economy is improving, but their concerns does not involve money, because they live in a financially stable place. In all reality, our economy is not improving. It is the simple fact that the debt has stopped increasing, but definitely not improving. As Americans (as sad and true as it is), we have an urge to continuously purchase items that we don't need with money we don't have. Why? Because things such as ads, commercials, etc. tell us we need that certain item to "improve" our lives. We are spoiled, but we as the people of America don't like to admit that, where as places such as India and parts of Thailand suffer from poverty, and half the time don't have money to spend. However, people who live in such conditions know how to save and how to control themselves from buying unnecessary things. If a person in poverty got $5, they would purchase food or try to make improvements of their lifestyle, where as Americans will buy the hottest clothing, phones, iPods, jewelry, etc.
     I can see myself struggling to keep my future job, let alone my home in 2024 if our economy continues to fall straight into the crapper.

     How big will the difference be between rich and poor in 2024? Or even 2030? Will the possible downfall of the economy effect the wealthy a lot or a little?

Wage Gap of Women and Minorities

Wage Gap of Women and Minorities

By Ariel Niemela

      

Many wonder why women and people of other ethnical backgrounds are paid less than Caucasian men. Even men complain about the lower income their wives receive compared to everyone else. Currently, females are paid 78% of a white males’ income. Some women just play along with it, while other women argue that it is sexist. For Blacks and Hispanics, the wage gap is more severe. I must say that I too agree with these statements and that it is truly unfair and insulting, especially in the modern world of the 21st century.

            For years, even in the National Anthem, we claim our rights and equality as the people of the United States of America. Yet, it seems very hypocritical. We still hold our traditions, but only slightly so. In other words, we are still slightly sexist and racist. Only, it is not at all politically correct, and with that said, the media doesn’t make it obvious, nor does everyone else of the nation. For example, if a white man were to be having a conversation with a black man, he would talk differently with him than if he were to be speaking to another white man. In the South, Americans are still slightly stuck in their traditional way of life, whether people of America see it or not.

It is not just the choice of major that determines how much college students will earn once they graduate. It is simply the disparities based on gender and race. Women earn less than men in nearly all ethnic groups. A report confirms a stubborn gender-wage gap more than 40 years after the passage of the Equal Pay Act of 1963; which made it illegal to pay women less than men working at the same job.

            Back in the 1950’s, women were only paid 60% on average compared to men even when working year round full time. Since the 1980’s, there has been improvement for the gender wage gap, but it hasn’t disappeared. Throughout the 80’s, even though it has improved, it was a little less consistent, so all in all, it remained at 60%. In the 90’s, it increased to 72%, and in 2000, 73%. Today, women are paid 80% of every dollar a Caucasian man is paid. This not only affects the female individual (who may be widowed or single), but the woman’s family and family income as well, as she tries to provide a good living for her children by herself. The poverty rate for females (13.8%) is higher than the rate for males (11.1%); almost 37.3 million Americans were living in poverty by the year 2007. Over 7.6 million families were in poverty. Families with children had a higher percentage of 15% in poverty in 2007. Families and households headed by a single woman/mother are most likely to be in poverty than other families and households. 28.3% were in poverty and 37% of female-headed families consisting of children were in poverty in 2007, and it increased due to the economic recession that followed.

So why is a woman’s income less than a man’s? Back in the old days, women used to drop out of the labor force for extended periods of time to bear children, which has changed a great deal over time, however the disruption has lowered the earnings women receive compared to men. It is the simple fact that women can bear children that makes their income lower and less valuable. This is a definite discrimination issue nationwide. Today, legislators provide only twelve weeks of unpaid leave, if pregnant. The income also depends on what occupations and industries women go into as well, which; generally it is women who take the secretary jobs than there are of men taking secretary jobs. Historically, women have entered the labor market taking the lowest paying jobs and doing the same work they did at home; cleaning, cooking, child care, etc., which interferes with their wage potential. Women are also paid less than men for even doing the same work. Women are more likely to be in low-paying jobs, and they often work fewer hours and have fewer job skills than men. It’s a traditional believe that men are more likely to work more and harder to provide food on the table than women can. To elaborate, it is still a man’s world.

The wage gap is even worse for women of different races other than Caucasian. Black women are paid 63 cents for every dollar paid to a white man, and Hispanic women earn 53 cents. Black men earn 75 cents and Hispanic men earn 62 cents on the dollar. When the Civil Rights Act of 1964 was passed, it became illegal for employers to discriminate based on race. Obviously, even in the modern world, there’s still something wrong here.

Families headed by single mothers lived in poverty (38%) due to the lack of equal income, compared with 18.7% of families headed by single fathers in 2007. African-American single moms, or Hispanic single mothers were a lot more likely than white or Asian single mothers to live in poverty, even though --- despite their ethnic backgrounds --- all families headed by single women lived in poverty.

A study also shows that in 2007, female high school graduates earned a weekly median wage of $512, compared to a weekly median wage of $689 by male high school graduates. College educated women earn 5% less the first year out of school than their male peers. A decade later, it evolved to 12%.

Throughout the country, fair pay is the number one issue for working women today. Women and people of other races are faced with pay discrimination at work every day. People who face these issues have fewer assets, and are far more likely to live in poverty. Many researchers have discovered disparities favoring white men in all industries.

Some say racial stereotypes still factor into hiring and salary decision-making. Others say it’s because minorities are believed to be more likely than whites to become first-generation college students. These assumptions are, of course, not certain, for it is not clear why this gap still exists.

Even though the Equal Pay Act was passed, it is difficult to enforce equal pay for equal work laws when the workplace is gender-segregated.  

In conclusion, women and minorities still do not have an exact response as to why this stubborn wage gap still continues to play in the 21st century, but it is easy to see that it is obviously still based on the old tradition of America and obvious discrimination.

Work Cited

"Mind the gender pay gap - it's unfair and sexist; Are women in the workplace worth [pounds

sterling]10,060 less than men? This pay disparity is unfair, sexist and something that needs to be addressed urgently, says Anne Francke of the Chartered Management Institute." TelegraphOnline 7 Nov. 2012. Gale Student Resources In Context. Web. 28 Nov. 2012.

"Money, Income, and Poverty." Women in American Society. Melissa J. Doak. 2010 ed.

Detroit: Gale, 2010. Information Plus Reference Series. Gale Student Resources In

Context.    Web. 28, Nov. 2012.

"National Committee on Pay Equity: Wage Gap Widens." US Newswire 1 Oct.

1999:1008273n0021. Gale Student Resources In Context. Web. 28 Nov. 2012.

"Women in investor relations profession earn less than men, new report finds Gender pay

gap persists despite experience and seniority." PR Newswire 1 Nov. 2012.Gale

Student Resources In Context. Web. 30 Nov. 2012.

Fiscal Cliff

     If I were to explain to one of my teenage peers about what the Fiscal Cliff is and why it exists is by first explaining the beliefs of both the Democrats and Republicans. When they can't come to an agreement about spending and spending in general, the Fiscal Cliff comes in. The Fiscal Cliff is what forces both sides to come to an agreement by a certain date, which, in this case is January 1st, about taxes. The Democrats will argue that we should have higher taxes so that the money can spread more, especially from the wealthy, and can go to important lifestyle things such as the hospital and schools. The Republicans will argue that we need less taxes so that people can get a higher income and have the option or ability to spend on anything they want or need. However, if both sides do not come to an agreement by January 1st, it will automatically go to making higher taxes and decreased income.
     The ATM is a tax that is added to the regular tax pay some people do or have. It's to prevent people who earn higher incomes from whatever job or occupation they have from using certain tax benefits to magically have them pay less than everyone else or to none of a regular tax. This is what the Congress are in charge of, so until they announce something, anyone is a potential target to the ATM. The Fiscal Cliff is involved with this act too.
     The Fiscal Cliff, again, must be decided by January 1st, 2013 (I cannot believe it's already almost 2013!!!). Once decided, it will either move on to whatever request the Democrats and Republicans have come up with, or it will automatically be pressured against the people to pay high taxes. The ATM is to be thought about as well.

My Manifesto, yo!

When it comes to the government, I think that it is important to be involved with the government's country. Especially when involving the economy. It is important that they provide health care for those who are sick and/or injured. The government should provide free health care, so that everyone gets to benefit and not worry about not having enough money. I also believe that the government should be open with their country, and provide personal information so that all of the country and the world knows what the government is like and decide if they're a good leader or not.
The government should also be involved with the media. However, not be TOO involved. It's good that the U.S. has internet, television, phones, technology, etc. But I wouldn't like it if our phone calls were recorded and eve's dropped, nor would the rest of the country appreciate it. Not only that, but to track and control our internet history, and what websites we viewed recently, or to even take away our freedom of browsing all-together. The government should provide the freedom to browse (such as Google).
When it comes to the dress-code of a country, this subject can be a little touchy. Yes, I believe in having free-will and the right to dress how we want (whether religious-wise, cultural, etc.), but I don't think the government should allow nudity. In my opinion, it seems too revealing, and can come with bad consequences. However, controlling on WHAT exactly people can and can't wear seems too extreme and a little TOO involved.
As for military and the justice system, I think it's important for the military to have the items and weapons they need. For the justice system, I don't believe it's good to give a lot of money for it. I think prisons these days in America are rather too "homey". Sure, we can't STARVE our prisoners, but I find it rather ridiculous that for whatever their crime is, they get provided health care, full meals, beds, bathrooms, free-time, and even computers and television. The only difference is that they have bars around the windows.
All in all, I believe it's important to involve the government, but not involve them TOO much into the people's lives.

SUPPLY CURVE BLOG

This is about supply and supply curves.

Here is an example of a supply curve, and the changes of a supply environment:

ELASTIC VS. INELASTIC SUPPLY

CHANGE IN SUPPLY

Does supply create more demand?

Demand Wrap Up!

I did all this stuff in Photoshop at home...so....yeah...sorry if it looks really bad!

CHANGE IN DEMAND

If price were to increase, is there a limit that absolutely no one would buy the product?